Lowest Rate definition

Lowest Rate. Hotel may not offer a published room rate lower than what has been stated in this contract to any other groups/individuals/third party providers wishing to book at the hotel over the group dates. Should the hotel extend any type of lower room rate over group dates outlined in this contract, the hotel agrees to extend the lower rate to Group. Previous corporate and wholesale contracts excluded.
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Lowest Rate. Hotel warrants that it shall provide to the Regional Event attendees the lowest rate offered by Hotel during the Event dates, excluding previously negotiated volume corporate discounts. Other Functions: Hotel shall promptly notify the Regional of any concurrent or overlapping conferences, special events, or other attractions to be held in Hotel during the Regional’s Event. Hotel warrants to the Regional that there will be no distractions or disturbances, which will affect the ordinary use of function and meeting rooms, or other facilities to be used by the Regional and its attendees. Renovation: Hotel will promptly notify the Regional of any significant construction or remodeling to be performed in Hotel during the Event. Hotel will endeavor to keep such activity from distracting or interfering with the use of meeting rooms or other facilities to be used during the Event. If it is reasonably anticipated that there will be a significant interference, Hotel will arrange comparable meeting and guest room facilities at a nearby hotel. Ownership and Management: Hotel shall promptly advise the Regional of any change in Hotel's management or ownership. This Agreement may be cancelled by the Regional without penalty if there is any change in management or ownership of Hotel or any filing for protection from creditors under either state or federal law, provided the Regional notifies Hotel of such cancellation in writing within thirty (30) days after the Regional is advised by Hotel of such change. Impossibility: The performance of the Agreement by either party is subject to acts of God, war, government regulation, disaster, fire, strikes, civil disorder, curtailment of transportation facilities preventing or unreasonably delaying at least twenty-five percent (25%) of Event attendees and guests from appearing at the Regional’s Event, or other similar cause beyond the control of the parties making it inadvisable, illegal, or impossible to hold the Event or provide the facility. This Agreement may be terminated without penalty for any one or more of such reasons by written notice from one party to the other. Insurance: Hotel shall carry liability, fire, burglary and other insurance in such dollar amount as necessary to protect itself against any claims arising from any activities conducted in Hotel during the Event, and to indemnify the Regional as provided in this Agreement. Walk Policy: If Hotel does not provide a sleeping room to a Regional meeting attendee holding...
Sample 1
Lowest Rate. Hotel warrants that it shall provide to the Event attendees the lowest rate offered by Hotel during the Event dates, excluding previously negotiated volume corporate discounts. Other Functions: Hotel shall promptly notify the Event of any concurrent or overlapping conferences, special events, or other attractions to be held in Hotel during the aforementioned Event. Hotel warrants to the Event that there will be no distractions or disturbances, which will affect the ordinary use of function and meeting rooms, or other facilities to be used by the Event and its attendees. Renovation: Hotel will promptly notify the Event of any significant construction or remodeling to be performed in Hotel during the Event. Hotel will endeavor to keep such activity from distracting or interfering with the use of meeting rooms or other facilities to be used during the Event. If it is reasonably anticipated that there will be a significant interference, Hotel will arrange comparable meeting and guest room facilities at a nearby hotel. Ownership and Management: Hotel shall promptly advise the Event of any change in Hotel's management or ownership. This Agreement may be cancelled by the Event without penalty if there is any change in management or ownership of Hotel or any filing for protection from creditors under either state or federal law, provided the Event notifies Hotel of such cancellation in writing within thirty (30) days after the Event is advised by Hotel of such change.
Sample 1

Examples of Lowest Rate in a sentence

  • Lowest Rate quoted taking all items together will be taken as lowest quote.

  • Tenders will be evaluated with reference to various criteria of technical bid and thereafter on the basis of the price per unit (landed price per unit) for determining the L1 (Lowest) Rate from amongst those qualifying the technical bid stage.

  • Matching to Lowest Rate: All applicant bidders who are selected for empanelment must match the lowest rate without any condition or protest quoted amongst them for each activity covered under the verification service and have to render the verification service on allotment of the work at the aforesaid lowest rates for each activity.

  • The remaining All-inclusive fixed price lump sum amounts will be allocated points in accordance with the following formula: Lowest Rate Ratex 25 2.

  • Lowest valid rate should normally be accepted in accordance with the procedure laid down in clause 15.6. In the event of acceptance of Lowest Rate, in case of multiple Lowest Rates Finance department Notification no.

  • Lowest valid rate should normally be accepted in accordance with the procedure laid down in clause 15.6. In the event of acceptance of Lowest Rate, no multiple Lowest Rates will be considered for acceptance by the Department.

  • Ryan Blethen, Washington State Health Insurers Propose Lowest Rate Increase in Affordable Care Act Era, SEATTLE TIMES (June 4, 2019, 3:31 PM), https://www.seattletimes.

  • Stephan Nielsen & Christiana Sciaudone, Wind Power Sells at World’s Lowest Rate in Brazil Auction, BLOOMBERG (Dec.

  • The basic functions of these timing cycles are: maintaining heart rate, maintaining A- V synchrony, preventing inappropriate fast pacing and filter noises.The Lowest Rate Interval (LRI) component is initialized by ventricular events (VS, VP).

  • Stage IV - Price bids of such empanelled / selected vendors would be opened and vendor/firm quoting Lowest Rate would be awarded work of AMC and/or ARC as and when required.

Related to Lowest Rate

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Maximum Interest Rate means the rate of interest that results in the maximum amount of interest allowed by applicable law.

  • Interest Rate shall have the meaning assigned to such term or analogous term in the Mortgage Loan Agreement.

  • GST Rate means the percentage amount of GST payable determined under section 9-70 of the Act as amended from time to time;

  • Minimum Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased.

  • Interest Rates means the interest rates provided for in Sections 2.11 and 2.12 of the Credit Agreement.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Reference Interest Rate means the following rate (expressed as a percentage rate per annum) for deposits in the currency of the Strike Price: the Reference Interest Rate specified in the Table which has been published on the screen page specified in the Table (the "Screen

  • Rate means the Adjusted LIBO Rate and the Alternate Base Rate.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • Reserve Interest Rate With respect to any Interest Determination Date, the rate per annum that the Trustee determines to be either (i) the arithmetic mean (rounded upwards if necessary to the nearest whole multiple of 1/16%) of the one-month U.S. dollar lending rates which New York City banks selected by the Trustee are quoting on the relevant Interest Determination Date to the principal London offices of leading banks in the London interbank market or (ii) in the event that the Trustee can determine no such arithmetic mean, the lowest one-month U.S. dollar lending rate which New York City banks selected by the Trustee are quoting on such Interest Determination Date to leading European banks.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • LIBOR Interest Rate means, for each LIBOR Loan for the relevant Interest Period, the rate per annum (rounded upward, if necessary, to the nearest one-sixteenth of 1%) determined by the Agent to be equal to the quotient of (a) the London Interbank Offered Rate for such LIBOR Loan for such Interest Period divided by (b) one minus the Eurocurrency Reserve Requirement for such Interest Period.

  • Reset Rate has the meaning specified in Section 2(d).

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Capped Interest Rate is defined in the Note, if applicable.

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Effective Interest Rate means the rate of interest per annum on the Loans in effect from time to time pursuant to the provisions of Section 3.1(a), (b) and (c).

  • Overdue Interest Rate means, with respect to any Class, the Interest Rate applicable to such Class.

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • Annual Interest Rate in accordance with the rate applicable to the equal instalment financing plan in effect on the conversion date, up to a maximum of 19.90%.

  • Default Interest Rate is two percent above the base lending rate of Barclays Bank PLC, as varied from time to time;

  • Settlement Interest Rate means, for the first calendar quarter or portion thereof during which interest accrues, the rate determined by the Receiver to be equal to the equivalent coupon issue yield on twenty-six (26)-week United States Treasury Bills in effect as of Bank Closing as published in The Wall Street Journal; provided, that if no such equivalent coupon issue yield is available as of Bank Closing, the equivalent coupon issue yield for such Treasury Bills most recently published in The Wall Street Journal prior to Bank Closing shall be used. Thereafter, the rate shall be adjusted to the rate determined by the Receiver to be equal to the equivalent coupon issue yield on such Treasury Bills in effect as of the first day of each succeeding calendar quarter during which interest accrues as published in The Wall Street Journal.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).